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Crypto Trends

CleanCore Solutions Has Acquired 500M DOGE Tokens In Four Days.

by admin September 12, 2025

CleanCore Solutions, a maker of aqueous ozone cleaning systems, has reached the halfway point of its 1 billion Dogecoin treasury target after buying $130 million in DOGE on Thursday.

In an announcement on Thursday, Cleancore said it has now crossed over 500 million Dogecoin (DOGE). It had just bought 285.42 million DOGE on Monday and had previously stated that it intends to purchase 1 billion tokens in total within the next 30 days.

CleanCore Solutions aims to hold 5% of DOGE’s circulating supply in the long term. Source: CleanCore Solutions

“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy,” said CleanCore’s chief investment officer, Marco Margiotta.

Margiotta is also the CEO of House of Doge, the commercial arm of the Dogecoin Foundation.

Margiotta further added that the company intends to “establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.”

CleanCore Solutions was the first publicly traded company to establish a DOGE treasury in partnership with the Dogecoin Foundation and House of Doge.

On Sept. 3, the company announced it will raise $175 million via private placement, with the proceeds being used to buy DOGE for its treasury. The announcement caused CleanCore Solutions’ stock to crater by 60%.

The company successfully closed its private placement two days later on Sept. 5.

CleanCore DOGE buy comes as DOGE is up nearly 23% in the past seven days, according to CoinGecko.

CleanCore rallies 12% in after-hours trading

Shares of CleanCore Solutions (ZONE) ended Thursday’s trading session at $3.98, down 0.25%; however, the stock rallied 11.81% during the after-hours trading session to end at $4.45, according to Google Finance.

Despite the recent price swings, ZONE is up 201.52% year-to-date.

For the June quarter, the company announced its revenue was up 26% year-on-year, while its net profit margin was down 229% during the same period.

First DOGE ETF delayed

Rex-Osprey Doge ETF (DOJE), the first spot DOGE exchange-traded fund, was set to launch on Thursday.

Related: How high can DOGE price go when a Dogecoin ETF is approved?

However, Bloomberg ETF analyst Eric Balchunas announced that it has been delayed to Friday.

On a Thursday X post, Balchunas said DOJE has been further delayed and will now launch sometime next week, speculating a Thursday launch.

Magazine: Thailand’s ‘Big Secret’ crypto hack, Chinese developer’s RWA tokens: Asia Express

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September 12, 2025 0 comments

Crypto Trends

Gemini Sets $425 Million Cap After IPO Oversubscribed 20 Times

by admin September 12, 2025

Gemini, the crypto exchange founded by the Winklevoss twins, is preparing for a blockbuster debut on Friday with its initial public offering (IPO) already oversubscribed more than 20 times.

According to Reuters, Gemini and its bankers stopped taking new share orders on Thursday after overwhelming demand, an unusual move in IPOs that capped proceeds at $425 million.

The exchange had earlier raised its target to $433 million, increasing its listing price range to $24–$26 from the initial $17–$19. Among its backers is Nasdaq itself, which is reportedly investing $50 million as part of a strategic partnership

Figure Joins Nasdaq With Strong Debut

Gemini isn’t the only crypto player making headlines this week. Blockchain marketplace Figure Technologies also went public on Nasdaq on Thursday, with shares climbing 24.4% on the first day of trading.

The company raised $787.5 million after multiple price revisions pushed its final offering price to $25, up from the $18 floor. While Figure’s debut was strong, it didn’t match the frenzy seen around Circle and Bullish earlier this year.

Stablecoin issuer Circle raised $1 billion in its IPO, with shares jumping 167% on day one, while crypto exchange Bullish saw its stock surge by as much as 218%.

2025 Shaping Up as the Year of Crypto IPOs

Industry experts say Gemini’s hotly anticipated debut is part of a broader wave of crypto firms tapping public markets in 2025.

Bitwise, a leading crypto ETF issuer, predicted this year would be the “year of crypto IPOs.” Other major players reportedly eyeing listings include Kraken, Anchorage Digital, and Chainalysis.

With investor demand at record highs, Gemini’s listing could set the tone for another explosive season of crypto IPOs.

Also Read: Blockchain Lender Figure Raises $787.5 Million in IPO

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September 12, 2025 0 comments

Crypto Trends

XRP Reserves on Binance Hit Record High: Details

by admin September 12, 2025

With XRP seeing a major resurgence in its price over the past few days, it has continued to break major ground on leading crypto exchanges.

Amid these bullish waves, reserves of XRP on Binance have reached levels not seen before according to data from Cryptoquant.

While this has attracted the interest of investors, the achievement coincides with a broad crypto market rally which has also seen XRP trade on the positive side and its price breaking major ground.

Binance XRP reserves near $3.6 billion

Data provided by the source has revealed that XRP reserves on Binance have reached an all-time high of 3,591,448,683 XRP on September 9th.

While hype surrounding the leading altcoin has continued to surge following Ripple’s recent developments and the buzz surrounding the upcoming XRP ETF launch, the achievement recorded on Binance signals renewed market activity and heightened investor interest in the asset.

Although the market had just recovered from a massive market bloodbath which saw XRP fall below the $2.8 mark on September 8th, the market saw a sudden flip in investors’ sentiment over the next day. The bullish market performance that saw XRP return to the green side on Sept 9 also extended its positive momentum across the Binance ecosystem.

Yield Hunters Flock to HyperLiquid Staking Ecosytem to Farm Kintetiq’s Airdrop

by admin September 12, 2025

Kinetiq, a liquid staking protocol built around Hyperliquid’s HYPE token, has seen an explosion of inflows in recent weeks as users pile in to farm the protocol’s airdrop points campaign.

Total value locked (TVL) on Kinetiq has jumped from roughly $458 million in mid-July to over $2.1 billion today, according to DefiLlama.

While part of the increase can be attributed to a 20% rise in the price of HYPE over the same period, another big driver has been raw deposits. The amount of HYPE staked has climbed from under 10 million tokens in July to nearly 40 million now. Kinetiq’s points program opened mid-July, underscoring that it is driving activity in its ecosystem.

Kinetiq Deposits (DeFiLlama)

The surge demonstrates the growing influence of Hyperliquid, which is fast becoming a DeFi heavyweight as liquidity, trading activity and staking demand migrate onto its ecosystem.

Points programs in particular, where protocols distribute future token allocations to early participants, continue to pull in yield-hungry crypto investors. By staking HYPE through Kinetiq, users not only earn standard staking rewards but also accumulate points toward a potential Kinetiq token airdrop.

For many DeFi traders, that double yield opportunity has proven irresistible, some have shared on X.

Read more: Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract

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September 12, 2025 0 comments

Crypto Trends

Alabama Lawmaker Raises Alarm On GENIUS Act’s Impact On Small Banks

by admin September 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Alabama State Senator Keith Kelley has warned that the GENIUS Act, signed into law on July 18, 2025, could trigger a wave of deposit outflows that would hurt rural community banks.

According to reports, Kelley set out his concerns in an op-ed for 1819 News, arguing that a perceived gap in the law could let crypto platforms offer yields or rewards that pull funds away from local lenders.

The warning comes as public comment periods have already opened at the US Treasury, and regulators are expected to write the rules that make the new law operational.

GENIUS Act: Senator Warns Of Deposit Flight

Financial experts say the worry centers on how “comparable supervision” will be defined. If foreign or nonbank stablecoin issuers are treated as having comparable oversight when regulators’ rules are loose, depositors could be tempted to shift cash to higher returns offered by crypto firms.

🏦 Alabama’s Sen. Keith Kelley warns the GENIUS Act could devastate rural banks by shifting deposits. Is stablecoin regulation hurting communities? #GENIUSAct #Stablecoin #CryptoLawhttps://t.co/tHAibq6EMg pic.twitter.com/BDhqoFNif5

— 4C by 360Trader (@4cby360) September 11, 2025

One estimate cited by banking groups puts potential deposit outflows as high as $6.6 trillion if the law is interpreted broadly. That number has made small bank leaders uneasy. They fear losing the stable deposits they use to lend to families, farmers, and local businesses.

A Rural Banking Crisis In The Making

Many community banks operate on thin margins. They rely on local deposits to underwrite loans for crop seasons, equipment purchases, and small shops.

Based on reports, Kelley warned that those lifelines could be weakened if large sums move to new digital products outside the traditional banking system.

Farmers and small business owners were named as especially vulnerable, because local lenders often offer terms tailored to seasonal needs.

Total crypto market cap currently at $3.9 trillion. Chart: TradingView

GENIUS Act & Regulatory Path Ahead

The GENIUS Act is not yet in force in any operational sense. Implementation will depend on rulemaking by the US Treasury and the Federal Reserve, and those agencies have already asked for public input on the risks and anti-money laundering safeguards.

Reports have disclosed that some banking groups and lawmakers want tighter definitions and clearer guardrails before the rules are finalized. Supporters of the law argue it could bring more clarity to stablecoin markets, but opponents say that the details matter most.

If deposits start to leave, small banks could be forced to cut back on loans or raise rates to retain customers. That outcome would likely shift credit away from local borrowers toward larger financial centers.

Featured image from Brian Lyman/Alabama Reflector, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 12, 2025 0 comments

Crypto Trends

Gemini IPO demand forces $425m hard cap after 20x oversubscription

by admin September 12, 2025

Gemini’s Nasdaq debut drew so many orders that the exchange reportedly capped proceeds at $425 million. The move breaks with IPO convention and shows both intense demand for crypto listings and a rare note of restraint from the Winklevoss-led firm.

Summary

Gemini’s Nasdaq IPO was oversubscribed more than 20 times, forcing a $425 million hard cap.
Lead underwriters Goldman Sachs and Citigroup closed the order book early amid overwhelming demand.
Share price was raised to $24–$26, giving the company a potential market value over $3 billion.

On September 11, Reuters reported that the forthcoming initial public offering for crypto exchange Gemini was oversubscribed by more than 20 times, compelling lead underwriters Goldman Sachs and Citigroup to close the order book early.

In a highly unconventional move for a traditional listing, the investment banks, alongside Gemini founders Cameron and Tyler Winklevoss, made the strategic decision to impose a hard cap of $425 million on the total raise.

The mechanism, which sacrifices potential capital in favor of reducing the number of shares sold, creates scarcity ahead of the company’s Nasdaq debut on Friday under the ticker “GEMI.”

A calculus of scarcity and value?

According to the Reuters report, based on the company’s own filings with the SEC, the raw math of the demand would have allowed Gemini to raise approximately $433 million without the self-imposed cap. This figure, however, pertains solely to the public share sale and does not include an additional, separate $50 million private placement commitment from Nasdaq itself.

The investor frenzy drove a significant uptick in share value well before the opening bell. In response to the overwhelming order flow, Gemini and its bankers were forced to upwardly revise the proposed share price range. The price jumped to between $24 and $26, a substantial increase from the initial range of $17 to $19 just days prior.

That sharp adjustment in pricing illustrates the depth of investor appetite, with Gemini’s valuation climbing rapidly even before its first day of trading. According to Reuters, the company’s potential market valuation could exceed $3 billion at the top of the range.

Once seen as risky outliers, firms like Gemini are now joining a growing list of digital asset players testing public listings. Just a day prior, stablecoin issuer Figure Technology successfully raised $787.5 million in an upsized IPO.

This activity follows enlarged offerings earlier this year from industry heavyweights like Bullish and Circle, painting a picture of a sector hitting its stride. A favorable regulatory shift, accelerating corporate adoption, and the monumental inflows into spot Bitcoin ETFs have collectively built a wave of legitimacy that crypto companies are now riding into the public markets.

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September 12, 2025 0 comments

Crypto Trends

Crypto Bull Market Still Has Legs

by admin September 11, 2025

Coinbase analysts remain optimistic for the fourth quarter, arguing that a mix of resilient liquidity, a favorable macro backdrop and supportive regulatory signals could keep the crypto market rally alive.

Bitcoin BTC$115,375.49, they argue, continues to benefit from macro tailwinds and could outperform market expectations, analysts David Duong and Colin Basco said in a Wednesday report.

“Barring a shock to energy prices we think the immediate risk to disrupting the current U.S. monetary policy path is actually quite low,” the analysts wrote. On-chain demand from digital asset treasuries (DATs) is also expected to provide a floor for prices.

One lingering concern for investors is seasonality, the report said, noting six straight September declines for BTC against the dollar between 2017 and 2022.

But this pattern failed to play out in both 2023 and 2024, the analysts noted. Not only that, but the small sample size and wide dispersion of outcomes limit the usefulness of seasonal indicators.

A more meaningful factor, Coinbase said, is where we are in the DAT cycle. Publicly disclosed DATs hold over 1 million BTC ($110 billion), 4.9 million ETH ($21.3 billion) and 8.9 million SOL ($1.8 billion) as of Sept. 10.

Late entrants are now chasing altcoins further down the risk curve, which Coinbase believes puts markets in a “player-versus-player” phase, a dynamic that favors large-cap tokens but may soon lead to consolidation among smaller DAT players.

Heading into the final quarter, the exchange’s analysts maintained a constructive outlook, expecting strong liquidity, a favorable macroeconomic backdrop and regulatory momentum to keep crypto markets well supported.

Read more: Crypto Institutional Adoption Appears to Be in the Early Phases: JPMorgan

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September 11, 2025 0 comments

Crypto Trends

BlackRock eyes tokenized ETFs after Bitcoin fund success

by admin September 11, 2025

BlackRock is preparing to bring its multi-trillion-dollar exchanged funds empire on-chain, exploring plans to tokenize exchange-traded funds following the breakout success of its spot Bitcoin ETFs.

Sources close to the matter say the asset management giant is actively working on blockchain-based versions of the funds linked to real-world assets (RWAs), such as equities and bonds. The move opens the door to 24/7 ETF trading, obliterating the limitations of weekday-only Wall Street hours.

Tokenization turns real-world assets into blockchain-based tokens, enabling fractional ownership, instant settlement, and global access. While BlackRock hasn’t named which funds will be tokenized first, the shift builds on its success with IBIT and BUIDL, two of TradFi’s most aggressive blockchain bets to date.

Treasury fund. Both products have become top performers among traditional finance (TradFi) players entering the crypto space.

Wall Street’s blockchain experiment accelerates

CEO Larry Fink has previously said that “every financial asset will be tokenized”, and BlackRock’s new investment assets initiative could be a major catalyst toward that vision. If executed, the tokenized ETFs could offer TradFi-grade exposure to global retail and institutional investors alike, without the friction of outdated settlement systems.

The move comes as Nasdaq itself pushes to modernize its infrastructure. The exchange has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to permit the trading of tokenized equities and ETPs directly on its main board.

Kraken and Robinhood may have tokenized stocks, but BlackRock brings institutional firepower and could force the industry to follow.

This isn’t a pilot. BlackRock’s tokenized funds push rewires the core of asset management, scrapping legacy rails, flattening borders, and gutting settlement delays. If it lands, the rest of Wall Street won’t have a choice.

Also read: Méliuz taps bitcoin options to generate yield and grow reserves

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September 11, 2025 0 comments

Crypto Trends

‘Mr. Wonderful’ Now Focusing Only on BTC and ETH, Rejecting Other Coins

by admin September 11, 2025

Getting Wall Street on-chain
Bitcoin is here to stay

Prominent Canadian investor Kevin O’Leary claims that he has overhauled his cryptocurrency investment strategy.

The longtime “Shark Tank” host now claims that he is exclusively sticking with Bitcoin (BTC) and Ethereum (ETH).

He is convinced that there is no need to own any other tokens, including meme cryptocurrency.

Getting Wall Street on-chain

“If you think about owning crypto, what you are exposed to is price volatility. Sometimes it’s good, sometimes it’s bad. Sometimes it goes up, sometimes it goes down,” he noted.

However, stablecoins are emerging as an increasingly important market niche. With the advent of the stablecoin bill in the US, it has become increasingly clear that traditional Wall Street finance is now going on-chain.

He says that Ethereum will be getting the majority of this demand, echoing the talking points of such prominent ETH boosters as Fundstrat’s Tom Lee.

Bitcoin is here to stay

At the same time, O’Leary has noted that Bitcoin is here to stay since it is now “certainly” being treated as a store of value.

The “Shark Tank” star recently predicted that the price of Bitcoin could surge to $250,000.

More than a tenth of his personal net worth is in BTC and cryptocurrency-related assets.

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September 11, 2025 0 comments

Crypto Trends

BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries

by admin September 11, 2025

BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval.

The discussions follow BlackRock’s first experiment with tokenization last year. The firm introduced the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL. The fund, which is backed by short-term U.S. Treasuries, repurchase agreements and cash, has quickly grown into the world’s largest tokenized Treasury product, managing nearly $2.2 billion.

Tokenizing ETFs would represent a deeper step into blockchain-based financial products. In practice, it would mean that shares of the funds — traditionally traded on stock exchanges during market hours — could be issued and transacted as tokens on chain.

Proponents argue this shift could bring clear benefits. A tokenized ETF could be traded around the clock, rather than only during exchange hours. Settlement, which often takes two business days in traditional finance, could be completed within minutes. Investors in markets where ETFs are not easily accessible might gain exposure through blockchain rails.

The products are pending a green light from regulators, the people said. BlackRock’s exploration underscores a wider trend across finance, as banks, fintechs and asset managers test blockchain rails for bonds, private credit and now mainstream equity funds.

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September 11, 2025 0 comments